Take-Two Interactive Software
Take-Two Interactive Software is a leading worldwide developer, publisher and distributor of interactive software games. Take-Two Interactive trades an average of 2.4 million shares per day with a marketcap of $884 million.
52 Week Range: $8.89 to $16.27
Book Value: $6.60
Price to Book: 1.38
Ten (over 70%) out of 14 analysts rate TTWO a "buy" or strong buy. The company has four "holds," and none of the analysts give a sell rating. Shareholders have not been rewarded for their patience, shares have fallen 30.7% in the last year, and the average analyst target price for TTWO is $18.19.Take-Two is anticipated to report weak earnings after the market closes on July 31. The consensus estimate is currently a loss of 78 cents a share, a decline of 71 cents from a loss of 7 cents during the same period last year. The mean fiscal year estimate price-to-earnings ratio is 5.08, based on earnings of $1.81 per share this year. In the last month the stock has fallen -10.07%. Shares are below the 200-day moving average and the moving averages place Take-Two in a strikingly bearish trend. For the same fiscal period year-over-year, revenue has declined to $1.14 billion last fiscal year compared to $1.16 billion in the previous year. The bottom line has rising earnings year-over-year of $48.45 million last fiscal year compared to $-122.99 million in the previous year. Short interest is very high at 17.44% and may provide the fuel for a massive short squeeze if Take-Two can deliver during earnings. Take-Two is oversold on the weekly and daily charts and is due for a technical bounce. The best way I have found for playing oversold stocks is to write put options. Writing put options lowers positional risk and compensates for both time and favorable directional movements. I like the August $9 put this week during the next few days for 50 cents or greater. My profit target is 40 cents or close out on option expiration date.
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